Geneos Wealth Management Inc. has significantly increased its investment in the Vanguard Growth ETF (NYSEARCA: VUG) by acquiring an additional 10,602 shares, raising its total holdings by 26.4% during the second quarter of 2024. This move, revealed in its recent 13F filing with the Securities and Exchange Commission (SEC), brings Geneos’s total ownership to 50,831 shares, valued at approximately $22.3 million.
Other institutional investors have also adjusted their positions in Vanguard Growth ETF, reflecting broader interest in this investment vehicle. Brighton Jones LLC increased its stake by 5.4% in the fourth quarter, now owning 16,922 shares worth around $6.9 million after acquiring an additional 870 shares. Similarly, Vanguard Group Inc. boosted its holdings by 5.6% in the first quarter, bringing its total to 178,670 shares valued at $66.3 million.
Russell Investments Group Ltd. made a notable adjustment, increasing its stake by 51.1% in the same quarter. Now holding 2,168 shares, valued at $804,000, this reflects a growing confidence in the ETF’s performance. Cookson Peirce & Co. Inc. also reported a 20.1% increase, with a total of 645 shares worth $239,000 following an additional acquisition of 108 shares. Additionally, American Century Companies Inc. entered the market with a new stake worth approximately $3.7 million.
Current Performance of Vanguard Growth ETF
As of March 15, 2024, shares of Vanguard Growth ETF opened at $485.26. The ETF boasts a market capitalization of $196.98 billion and a price-to-earnings (PE) ratio of 36.22, indicating robust investor interest. The stock has experienced a 1-year low of $316.14 and a 1-year high of $505.38, showcasing its volatility and the potential for growth.
The ETF’s 50-day simple moving average stands at $486.90, while its 200-day moving average is at $462.73. This performance reflects the ETF’s strategy of tracking the MSCI US Prime Market Growth Index, a diversified index representing growth stocks of large companies in the United States.
The increased investment from both Geneos Wealth Management Inc. and other institutional players highlights the ongoing confidence in Vanguard Growth ETF as a strong investment option in the current market landscape. As investors continue to adjust their portfolios, Vanguard Growth ETF remains a focal point for those seeking exposure to growth-oriented equities in the U.S. market.
